What does refinance mean?

Definitions for refinance
ˌri fɪˈnæns, riˈfaɪ nænsre·fi·nance

This dictionary definitions page includes all the possible meanings, example usage and translations of the word refinance.

Princeton's WordNet

  1. refinanceverb

    renew the financing of

Wiktionary

  1. refinanceverb

    To renew the terms of a loan.

Wikipedia

  1. refinance

    Refinancing is the replacement of an existing debt obligation with another debt obligation under a different term and interest rate. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, common forms of refinancing include primary residence mortgages and car loans. If the replacement of debt occurs under financial distress, refinancing might be referred to as debt restructuring.

ChatGPT

  1. refinance

    Refinancing refers to the process of replacing an existing loan or debt with a new one under different terms and conditions. Typically, this is done to take advantage of lower interest rates, reduce monthly payments, alter the loan term, switch from adjustable-rate to fixed-rate (or vice versa), or to consolidate various debts into one. Refinancing is commonly used in context of home mortgages, but it can apply to any type of debt.

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Numerology

  1. Chaldean Numerology

    The numerical value of refinance in Chaldean Numerology is: 8

  2. Pythagorean Numerology

    The numerical value of refinance in Pythagorean Numerology is: 3

Examples of refinance in a Sentence

  1. Jeffrey Ross:

    The risk factors seem to be focused on - none hit on all of the potential risks - that there may be an impact on the results of operations of the issuer, if, for example, they have a significant UK business that could be impacted by changes in exchange rates for the British pound, a couple of offering memorandums focus on the ability to access the capital markets and some risk factors call out that could not only impact the results of operations of the company, but may also impact the debt and equity capital markets and a company's ability to refinance.

  2. Bjarni Torfason:

    As we go into the second half of the year there is strong incentive to try and refinance if possible because after December 24 it will require complying with risk retention, which is costly, if it is possible to do an economical refinancing before that comes into play then that would be preferable.

  3. Greg McBride:

    There are not a lot of economic bright spots right now, but one is that with record low mortgage rates homeowners can refinance their mortgages and generate meaningful monthly savings. That savings can shore up their finances and they will end up pumping it back into the economy. Why would you dampen that ?

  4. Jeffrey Ross:

    A couple of offering memorandums focus on the ability to access the capital markets and some risk factors call out that could not only impact the results of operations of the company, but may also impact the debt and equity capital markets and a company's ability to refinance.

  5. Bob Broeksmit:

    Requiring Fannie Mae and Freddie Mac to charge a 0.5 % fee on refinance mortgages they purchase will raise interest rates on families trying to make ends meet in these challenging times.

Popularity rank by frequency of use

refinance#1#5551#10000

Translations for refinance

From our Multilingual Translation Dictionary

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"refinance." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/refinance>.

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